TJX Companies — parent company of TJ Maxx, HomeGoods, and Marshalls — warned investors on Wednesday of the challenges its brands will face in the latter half of 2020 thanks to the coronavirus pandemic.
TJX reported an overall same-store sales decline of 3% in the second quarter, attributing the decline largely to temporary store closures early on in the pandemic. Overall company sales of $6.6 billion topped analyst estimates, in part because ofafter stay-at-home mandates were lifted around the country.
Coincidentally, the company has also been saddled with a significant surplus of inventory that has been difficult to offload, prompting periods of additional mark downs and slashing of prices"We took significantly more markdowns than we normally would at this time of year," Herrman said during the call.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Inside Benetti's 353-foot hybrid gigayacht 'Luminosity' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I may be mistaken but I think it's currently docked in Portofino, Italy. My offer, 1 Bitcoin
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Inside the French Riviera's pandemic party problem - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Houston we have a problem.... or in this case, France. 25 guys and only one woman, huge problem.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Stocks Move Slightly Higher After Strong Retail EarningsMajor retailers continued to report surging profits and millions of new customers amid the pandemic.
La source: Forbes - 🏆 394. / 53 Lire la suite »
Dow Jumps 100 Points, S&P 500 Hits New Record After Strong Retail EarningsThe Dow jumped 100 points today and the S&P 500 hit a new record after strong retail earnings by skleb1234 skleb1234 Trump really gets happy about this skleb1234 skleb1234 25 millions unemployed!
La source: Forbes - 🏆 394. / 53 Lire la suite »